 While slavery is illegal in all countries today, North Korea has a policy called, "Three Generations of Punishment" which has been documented by Shin Dong-hyuk and used as a moral paragon of punishing children for parents' mistakes.Stanley Druckenmiller and Geoffrey Canada have applied this concept (calling it "Generational Theft") to the large increase in government debt being left by the Baby Boomers to their children.In the context of institutional investment management, intergenerational equity is the principle that an endowed institution's spending rate must not exceed its after-inflation rate of compound return, so that investment gains are spent equally on current and future constituents of the endowed assets.